I SQUANTUM MEET A LOSS. 



CZ^ ■ 1^u*J^i ' 



Harvard Aeronautical Society Loses 

 {; $21,894.38 on Flights. ' 

 &<SU .r • /f ZO- 

 ne fact that the recent aviation meet 

 at Squantum was a financial failure, 

 f together with murh interesting data 

 'regarding the project, was first pub- 

 licly announced la^ t night at the first 

 [meeting of the college year of the Har- 

 fcvard Aeronautical Society at Pierce 

 pall, Harvard. The surplus over the 

 factual operating expenses was $8,230.33, 

 Jjaut the society spent more than $30,000 

 ftrv permanent - improvements and fix- 

 atures,' leaving a deficit for this year of 

 '.$21,894.38. To guarantee the future se- 

 •curtty 9C the financial organization of 

 ..the society, President A. L. Rotch, who 

 (presided, recommended the Incorpora- 

 tion of a board of directors, who should 

 'constitute the controlling committee of 

 ithe society. A. D, Claflin, manager of 

 ithe recent meet, submitted the following 

 ; report: . . • 

 INCOME 



(Receipts from sale of tlcketa. .'. $121,703.00 

 iR»cei.pt« from other sbur.es...... 6,584.17 



■Bonuses paid to aviators 140,466.53 



Prizes lor competitors 24,400.00 



Operating expenses of meet.'..,. 55,170.31 



'' Total operating disbursements. H20,036"s4 

 f' Surplus over operating ex- 



!"■ penses $3,230.33 



f \ ',.'.. ASSETS.' •• 



^Permanent improvement and fis> 



tures i , $30,124.71 



fpeflclt after payinR for per- 



, manent improvements $21,894.38 



t Mr. Claflin assigned the small gate 

 /receipts to inadequate equipment due 

 .to hasty preparations. The meet was 

 ithe first of Its kind in the country, as 

 tall other aeroplane spectacles have 

 [ been only exhibits. There were 48 1 

 ('.hours of .actual Hying during the I 

 (meet, over 1000 miles being covered 

 j,;"J. W Martin, manager of the Har- 

 vard society, who spoke next, com- 

 Ipllmented the managers of the meet 

 (.Upon their effective service. The meet 

 (\vas : conducted without an accident of 

 (any kind, either to aviators or specta- 



§ C, A. Grahame-Whtte, England's' off i- 

 rcial representative to the international 

 (■aviation meet, has accepted an invita- 

 tion of the Harvard Society to make an 

 .address in the Union next week. The 

 .members of the society have arranged 

 (Tor an informal reception to Mr. White 

 after the reception. 



I Application blanks for the United 

 [States aeronautical reserve were dis- 

 tributed last evening. The idea of hav- 

 ing a reserve was conceived by John 

 ■Barry Ryan.. It Is pjanned to establish 

 (co-operation between the aerial and 

 ( navy forces. ■ 



